• 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
  • +1-905-744-6000
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106 days
203 Gianetto Drive, Midland, ON L4R 5J4

203 Gianetto Drive, Midland, ON L4R 5J4

Midland, ON, L4R 5J4 · Midland

7 Beds
3 Baths
— Sq Ft
6 Parking
Triplex Type
S12891894 MLS#

About this property

Midland triplex offering strong rental income and positive cash flow. All units are currently tenanted on a month-to-month basis with tenants in good standing. Each unit has separate hydro meters. Steel roof. The building includes two 2-bedroom units and one 3-bedroom : Unit 1-2 bedrooms $1,144.31 pm (month to month); Unit 2-2 bedrooms$1,700pm (12 month lease to March 1st 2027); Unit 3-3 bedrooms $1,190.53 pm (month to month.) 2024 water costs total $754.97. The purchase also includes the adjacent vacant lot at 1108 Harbourview Drive, as the existing septic system services both properties. Future potential to sever and create a separate building lot if municipal sewers are extended to the property (buyer to complete their own due diligence). Excellent opportunity for investors seeking stable income with future development potential.

Features & Amenities

  • Basement: Half
  • Garage: None
  • Cooling: None
  • Heat Type: Baseboard
  • Heat Source: Electric
  • Style: 1 Storey/Apt
  • Construction: Vinyl Siding
  • Sewer: Septic

Property Details

Property Type Residential Freehold
Property Sub-Type Triplex
Architectural Style 1 Storey/Apt
Bedrooms 7
Bathrooms 3
Lot Size 0 Feet
Basement Half
Garage None
Parking Spaces 6
Heat Type Baseboard
Heat Source Electric
Cooling None
Sewer Septic
Annual Tax $3,860
Tax Year 2025

Interior Features

Interior Features
None

Exterior Features

Pool Features
None

Building & Construction

Architectural Style
1 Storey/Apt
Construction Materials
Vinyl Siding
Foundation Details
Block
Roof
Metal
Basement
Half

Heating & Cooling

Heat Type
Baseboard
Heat Source
Electric
Cooling
None

Parking & Garage

Garage Type
None
Parking Spaces
6
Parking Total
6.00
Covered Spaces
0

Lot & Land

Lot Size Area
0.18
Lot Size Units
Feet
Lot Depth
164.00
Lot Width
50.00

Financial & Tax

Tax Annual Amount
$3,860
Tax Year
2025
Possession Type
Other
Possession Details
Flexible

Utilities & Services

Sewer
Septic

Room Details

Rooms Above Grade
16
Kitchens Above Grade
3
Kitchens Total
3
Bedrooms Above Grade
7

Additional Details

Occupant Type
Tenant
Direction Faces
East
County Or Parish
Simcoe
Cross Street
Harbourview Drive
Directions
Harbourview Drive to Gianetto Drive
Special Designation
Unknown
Showing Requirements
Lockbox, Showing System

Location

203 Gianetto Drive, Midland, ON L4R 5J4, Midland, ON, L4R 5J4

Listing courtesy of RE/MAX By The Bay Brokerage
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  • +1-905-744-6000
  • info@findhomes.ca
  • 23 Westmore Drive, #306, Toronto, ON, M9V 3Y7
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